HELP GUIDE
Contact Support
×
Menu
Quick Guides
Search
 
   
   
   
 
 
© 2024 Caseware International Inc. All Rights Reserved.
Suggestions or questions? Email us at wecanhelp@documentation.jazzit.com
Setting up the Client profile in the Jazzit Financial Statements
When preparing Not-for-Profit Statements, you need to complete the required information in the Client profile section of the Home Menu.
 
Setting up the Client profile in the Jazzit Financial Statements
1
Structure
1. Structure
Click on the drop-down button and select Not for Profit.
2
Entity Reference
2. Entity Reference
Click on the popup menu to select what the entity reference. Manually type in your own reference into the blue input cell if the option is not available from the popup menu.
3
Title of Owner(s)
3. Title of Owner(s)
Title of the owner defaults to members, use the popup menu to choose alternate titles or manually enter your own title if it is not available in the popup menu.
4
Wording for Assets - Liabilities
4. Wording for Assets - Liabilities
Use the popup menu to change the wording for the Assets - Liabilities section wording to either Net Assets or Fund Balances.
 
When you choose Not-for-Profit the terminology changes throughout the financial statements:
 
Balance sheet
----->
Statement of Financial Position
Income statement
----->
Statement of Revenues and Expenditures
Statement of retained earnings
----->
Changes to Statement of Changes in Net Assets
 
This is the default terminology; you can revise the terminology in the Statement settings of each statement.
 
 
The Engagement Report will reflect the appropriate terminology.